Lyric discussion by Ziggy88 

Appearantly, Warhol came to Bowies studio while Hunky Dory was under recording, and Bowie played this for him. Warhol didn't like it, and got so mad he left, but before he shut the door he said: "You have very nice shoes David".

Just a bit of weird trivia.

Andy Warhol had a shoe fetish too ;D

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